LAW of 7 November 1959 HERNAN SILES ZUAZO President constitutional DE LA Repašblica as: the Honorable National Congress has sanctioned the following law: the H. Congress national DECREES: Arta-culo 1a ° â €"Conca © given to the Bolivian development corporation the area of land tax in the following La-mites: taking as a point of departure Caranavi, following by the RA-o Coroico to its mouth in the RA - or Kaka;" continuing along this Ra-o until its Union with the Alto Beni, Alla - waters up to Inicua to follow by the summits of the Serrana-a that separates the Ra - I Inicua and Alto Beni to the height of Covendo and this point in - line straight to Caranavi, i.e. in total two hundred fifty thousand hectares areas approximately.!
Arta-culo 2a ° â €"this concession will be used, by the same taxable entity indicated in the completion of a vast program of Agra-cola, livestock and industrial development, whose planning at the stage of preliminary studies is Hara in the término de a year, computable from the date of this law Codelcoâ.!"
Arta-culo 3a ° â €"the Bolivian Development Corporation Respetara the right of individuals that were in possession of lands prior to 1Â ° of November 1959, made which must be proven by means of the execution of works." It will be n those who also have titles legally constituted, within the Ma margins established by law Dela agrarian reform.!
Arta-culo 4Â ° â €"the concessionaire will return to the State the areas of land that are unnecessary to the development of their work and may request additional concessions if the A-advising of jobs that run demanded it.!" Also, you can ask the Executive Branch, the sale, lease, trade-in or certain A free cesión areas Sega º n agree to plans to increase, which will be awarded through Supreme resolution in each case.!
Arta-culo 5Â ° â €"the Corporation development Bolivian arguments the total of money resulting from the transfer of the land to do and in the development of this plan.!"
Commune-contact to the Executive for constitutional purposes.
Hall of sessions of the H. Congreso Nacional, La Paz, 27 October 1959.
Ruba © n Julio Castro, President of the H. Senate Nacional.a€ "SanjinÃ © Juan Obando, President of the H. CA s mara Diputados.a€" Ciro Humboldt B., Senator Secretario.a€ "Humberto Velarde, Senator Secretario.a€" Zena³n Barrientos M., Deputy Secretario.a€ "Ignacio CallaÃ º, Deputy Secretary.!"
THEREFORE: I enacted it is and meets as a law of the Republic.
Palace of Government, in the city of the peace, to the seven dÃ-as of the month of November of thousand 1900s fifty and nine years.
(Fdo). HERNÁN SILES ZUAZO, constitutional President of the Repaºblica.a€ "Jorge Antelo, Minister of agriculture, livestock-a and colonization."